Endurance Re takes on XL Re surety business
Endurance Specialty’s U.S. subsidiary, Endurance Reinsurance will acquire the majority of XL Re America's surety reinsurance business, it has been announced. Endurance Re will acquire the majority of XL Re's surety reinsurance business on a prospective basis through a renewal rights purchase agreement. Endurance Re will pay XL Re America a commission on the surety reinsurance business renewed by Endurance Re. In addition, Endurance Re will assist XL Re America with the ongoing management of the current in force and expired surety reinsurance portfolio. Over $50 million of expiring premium is subject to this agreement.
Laura Shanahan, formerly Senior Vice President, Surety, of XL Re America, has joined Endurance Re as Senior Vice President, Surety. Also joining Endurance Re from XL Re America are Peter Healy, SurayaOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@postonline.co.uk or view our subscription options here: http://subscriptions.postonline.co.uk/subscribe
You are currently unable to print this content. Please contact info@postonline.co.uk to find out more.
You are currently unable to copy this content. Please contact info@postonline.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@postonline.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@postonline.co.uk
More on Personal
Lessons insurers must learn from LA wildfires
As celebrities condemn insurers after the most destructive wildfire event in Los Angeles County history, Emma Ann Hughes outlines what the industry must do to address the financial and reputational impact of the blaze.
Allianz and LV to merge claims operations
Allianz has started the process to merge the claims operations of both Allianz Commercial and Allianz Personal, which includes LV, Insurance Post can reveal.
Can HNW claims be sustainable when the expectation is perfection?
Brawdia directors George Culbert and James Featherstone explains how sustainability and resilience are becoming the norm in high-net-worth claims handling even though customers may be calling for shiny and new perfection.
How MGAs can continue to transform in 2025
Trade Voice: As the underwriting capacity of the Managing General Agents’ Association’s membership tops £15bn, CEO Mike Keating looks at the trends that will shape the MGA market in 2025.
Pet insurance premiums stabilise in Q4
Pet insurance premiums stabilised in December 2024, following a year of fluctuating pricing trends, the latest Pearson Ham Group data has shown.
Marshmallow sued for alleged disability discrimination
Insurance unicorn Marshmallow is being sued by its former chief financial officer for alleged disability discrimination, an employment tribunal judgment has revealed.
Is it time to write an obituary for telematics?
Content Director’s View: With once market leader Insurethebox now closed to new business and renewals, Jonathan Swift asks is the golden age of UK telematics insurance already over or should he wait to see how the latest new dawn pans out before writing an obituary?ait to see how the latest new dawn pans out before writing an obituary.
IFB to launch integrated fraud database in 2026
The Insurance Fraud Bureau will launch a ‘unified fraud technology platform,’ which will integrate insurance fraud datasets into one database, in 2026.